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MACD: Slightly bullish crossover forming, but momentum is weak.
OBV (On-Balance Volume): Stable, no strong buying pressure surge.
MA(5) vs MA(10): Short-term MA(5) is slightly above MA(10), indicating short-term bullishness but not strong.
š Can It Reach $1.60?
To reach $1.60, WLD would need to:
Break and hold above $1.402 (last peak).
Overcome psychological and technical resistances around $1.45 and $1.50.
Show stronger bullish volume and MACD acceleration.
š Conclusion:
At this stage, hitting $1.60 soon seems unlikely unless there is:
A strong news catalyst or
A sharp spike in volume and momentum.
The current setup shows mild recovery but not a strong bullish breakout yet. Monitor resistance near $1.25ā1.30 ā if it breaks cleanly with volume, chances of reaching $1.60 improve.
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